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PRESS RELEASE: Spencer Young Sr. Recognized as EY Entrepreneur of the Year Finalist

Wednesday, 13 April, 2016

EY announces Young Automotive Group CEO Spencer Young Sr.
is named an EY Entrepreneur Of The Year 2016 finalist in the Utah Region

Layton, April 13, 2016 – EY today announced
that CEO Spencer Young Sr.of the Young Automotive Group is a finalist for the
EY Entrepreneur Of The Year® 2016 Award in the Utah Region. The awards program, which is celebrating its
30th year, recognizes entrepreneurs who demonstrate excellence and
extraordinary success in such areas as innovation, financial performance and
personal commitment to their businesses and communities. Spencer was selected as a finalist by a panel
of independent judges. Award winners
will be announced at a special gala event on June 4, 2016 at The Grand America Hotel in Salt Lake City.

“I am honored and
humbled to be named as a finalist for the Entrepreneur of the Year Award from
EY.We have a very special
entrepreneurial spirit in Utah and I think we’ve developed that same kind of
spirit in the Young Automotive Group which has propelled us in the right
direction and led to our growth.”Spencer Young Sr.The Young
Automotive Group was founded in 1925 and has been family owned and operated for
over 90 years.It’s currently being led
by the 3rd generation with Spencer Young Sr. and the 4th
generation has been heavily involved in the business for years.Young Automotive operates 11 automotive
dealerships in Utah and Idaho, 2 trailer dealerships, a powersports dealership
and Rocky Mountain Raceways in West Valley, Utah.

Now in its 30th
year, the EY Entrepreneur Of The Year program has expanded to recognize
business leaders in more than 145 cities in more than 60 countries throughout
the world.

Regional award winners are eligible for
consideration for the EY Entrepreneur Of The Year National program. Award winners in several national categories,
as well as the EY Entrepreneur Of The Year National Overall Award winner,
will be announced at the EY Entrepreneur Of The Year National Awards gala
in Palm Springs, California, on November 19, 2016. The awards are the culminating
event of the EY Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading
companies.